ALOK KEJRIWAL, CEO & CO-FOUNDER, GAMES2WIN
Entrepreneurs think their ideas will get ‘stolen’ so don’t share: This stops great ideas from coming through.
I should not give away a ‘large stake’ in my business: Owning 30% of a Rs 100 crores company is more valuable than owning 100% of a Rs 30 lakh company.
The company should always be profitable: Today companies are valued for metrics beyond profitability.
Friends and family are the best sources of funds: Sometimes they are the worst. They get emotional about returns, interfere in ops and can get difficult to eject.
Professionals from big companies don’t suit startups: They can help create a structure,‘corporatise’ the setup.
Employees like cash, not shares: Well, they like both!
Business should be a family concern, not sold: Many businesses need a larger partner after a certain scale.
I am the best CEO for the business: Really smart entrepreneurs hire people more clever than themselves.
This business is best for India: The world has shrunk and most businesses can be global.
I cannot fail: You can. 90% of all new business ventures do.
Source: Economic Times – 25th December 2009
